In a filing, Ralph Lauren Corp revealed its COO Nielsen Jane unloaded Company’s shares for reported $11.52 million on May 24 ’24. In the deal valued at $171.25 per share,67,243 shares were sold. As a result of this transaction, Nielsen Jane now holds 44,591 shares worth roughly $8.21 million.
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Then, Lauren Family, L.L.C. sold 3,000,000 shares, generating $531,450,000 in total proceeds. Upon selling the shares at $177.15, the 10% Owner now owns 0 shares.
Before that, Alagoz Halide sold 2,115 shares. Ralph Lauren Corp shares valued at $374,821 were divested by the Chief Product Officer at a price of $177.22 per share. As a result of the transaction, Alagoz Halide now holds 27,872 shares, worth roughly $5.13 million.
Jefferies initiated its Ralph Lauren Corp [RL] rating to a Buy in a research note published on April 30, 2024; the price target was $195. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in early February has reiterated a ‘”an Outperform”‘ rating for it. Goldman also remained covering RL and has increased its forecast on December 12, 2023 with a “Neutral” recommendation from previously “Sell” rating. Evercore ISI started covering the stock on November 07, 2023. It rated RL as “an Outperform”.
Price Performance Review of RL
On Tuesday, Ralph Lauren Corp [NYSE:RL] saw its stock jump 1.53% to $184.21. Over the last five days, the stock has gained 6.66%. Ralph Lauren Corp shares have risen nearly 27.75% since the year began. Nevertheless, the stocks have risen 61.79% over the past one year. While a 52-week high of $192.03 was reached on 03/21/24, a 52-week low of $108.60 was recorded on 01/18/24. SMA at 50 days reached $170.20, while 200 days put it at $166.27.
Levels Of Support And Resistance For RL Stock
The 24-hour chart illustrates a support level at 182.41, which if violated will result in even more drops to 180.61. On the upside, there is a resistance level at 185.45. A further resistance level may holdings at 186.68. The Relative Strength Index (RSI) on the 14-day chart is 68.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.80, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.81%. Stochastics %K at 90.56% indicates the stock is a selling.
How much short interest is there in Ralph Lauren Corp?
A steep rise in short interest was recorded in Ralph Lauren Corp stocks on 2024-08-30, dropping by -0.18 million shares to a total of 2.72 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 2.89 million shares. There was a decline of -6.5%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 22, 2023 when Raymond James began covering the stock and recommended ‘”an Outperform”‘ rating along with a $135 price target.
